Hello people, can anyone tell me if my mum would be allowed to sell hear leasehold flat. My stepdad has dementia and was taken into a care home last October, we don't have power of eterney over him but three years ago my mum was advised to change the deeds to joint tenents in common and has willed her half of the flat to me. She is terminally ill and I would like her to sell the flat and go into sheltered accomadation but I'm not sure if she can sell it because she dosnt have power of eterney over him or his finances. Also there is a mortgage on the flat which is half the value of it so there would only be approximately£20000 equity.
I already know that when my mum dies and I become joint owner of the property with my step dad I can't be forced to sell because I do not inherit the motgage debt, he does which is more than half of the house value. The other thing we have thought about is me paying my stepdads debt off in return for his share signed over to me instead of passing to me upon his death, leaving me free to rent the flat out and pay for mums sheltered housing. Has anyone any advice who has been through similar circumstances please.
I already know that when my mum dies and I become joint owner of the property with my step dad I can't be forced to sell because I do not inherit the motgage debt, he does which is more than half of the house value. The other thing we have thought about is me paying my stepdads debt off in return for his share signed over to me instead of passing to me upon his death, leaving me free to rent the flat out and pay for mums sheltered housing. Has anyone any advice who has been through similar circumstances please.